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Step 1
Sell stuff. Virtually everyone has too many personal possessions. Consider having a garage sale or listing items on eBay. An added advantage to this strategy is that you'll have fewer things to move once you get that loan.
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Step 2
Ask the seller. You never know until you ask. In today's challenging real estate market, the seller just might be willing to offer money for a down payment in order to sell a house that's been on the market for several months.
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Step 3
Borrow from your parents or other relatives. Parents often assist in helping their children purchase a home. United States tax laws allow individuals to give a certain amount (check with your accountant) in a year without requiring the recipient to pay taxes on the money.
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Step 4
Take a second job. Try blogging for money, writing online articles or working one or two nights bartending at the neighborhood saloon. That extra income will add up quickly.
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Step 5
Take a loan against your retirement account. Borrow the money from yourself by taking a loan against your 401k or IRA account. Sure, you'll pay a small amount of interest, but you'll be paying it to yourself.












